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"Fed pushed back the time of maximum pain to 2009 when it should have been 2008."
Yep. They chose to make the Wall Street boys happy and killed the potential for any short term recovery of Real Estate.
Hard to say. I've learned not to judge moves in RE off of pricing and appraisals. Appraisals are typically not worth the paper they are printed on, especially in a declining market. Again, my leading indicator is inventory, quantified by "months of inventory." I look for a sharp reduction in that. Like stocks, volume proceeds price, but it's more fixed to supply than stock prices seem to be. Second indicator for me is average selling price as a % of average listing price.
You should do yourself a favor and move up here to Jax Beach. 4 seasons. A good balance of red necks to normal folks. Cheaper cost of living and less crowded beaches. You can pick a nice house up here right now for 20% below list if you are patient/stingy. 4/2, 2000 Sq. Ft. will run you in the $275-400k range depending on how close it is to the water.
Better yet...wait 6 months to start looking. The Fed just made the market worse in the short term...
Luck not required but thanks.
Sorry. Not into giving my phone number out to aliases on a message board. Mom said I'm not allowed to play with strangers.
Oh, I already know where you got your "evidence." The only thing I need to know is that the pit is up and running as we speak and has been for some time. Except of course for a week here or there while new equipment was being installed.
Ren
"From the invoices sent out by PBLS through June 15, 2007, the maximum number of loads for any one day was 91 on May 22, 2007 and the median number of loads was 45.5. Additionally, the daily load decreased to zero loads."
Provide proof please.
As for the 2nd PR...it's essentially a LOI. LOI's don't have to be exercised. That's why there is a due diligence period for rescission.
Thanks for stopping by to save us.
Ren
I think "a little bit optimistic" is a little strong. I'm just in wait and see mode now. Might do a bit more selling or buying if the fancy strikes me. I haven't sold any since the spike to .022. Haven't bought any more since Nov of last year.
Thx.
So will SPZI divy shares of the new company to SPZI shareholders or will SPZI (parent) simply have ownership in the new company and any revenues/profits from the new company will therefore benefit SPZI shareholders?
How do you understand it Allie?
Again, maybe. But even small companies have employees that need to be paid. Hopefully though, in the midst of a construction boom in the gulf coast, they can't screw it up.
Perhaps. Of course to say so is just guessing though it makes sense.
Sorry to all you longs that have sold over the past 2 weeks in particular. It's sad to see you go as I have been reading your posts for closing in on 2 years now. Sorry if my opinions or conclusions on things I read at the St. Tammany site misled you in your decisions. It certainly was not intended.
I do hope that PBLS can turn the pps around. I don't believe that they will cease to conduct business. However, I do have a growing fear of an increase in the A/S due to liquidity issues created by insistent buying of companies and preparing for these large contracts.
People need to be careful with their "investment here." I might buy more because I can afford to lose whatever I throw at this stock. I might sell some simply because this entire escapade is becoming quite boring. However, if you are using your grociery money to buy a lottery ticket here in the hopes that it will change your life, I suggest you amend your "investment" strategy. Please wake up. This is a pink sheet stock with a very troubled history. Lots of potential. Lots of red flags. "Invest accordingly."
Ren
200 projects over 16 years is not a very large construction company. After all, 1 residential house could be a "project" per the wording of the PR. The acquisitions cost could not have been that great. Why they keep buying in the face of liquidity issues is beyond me...
I don't. Please enlighten.
Alright, that's it...I quit.
Have a great weekend everyone.
Ren
PS Since I'm the boss, I guess I can re-hire myself on Monday if necessary...
That was my point. People here don't seem to like the "Quiet Period." I'd rather own a stock that moves on earnings and/or quiet than a stock that just moves on a PR. That's why I continue to accumulate this one inspite of the overly bullish tone of the board (typically a sell signal for me).
Don't know about you but I would rather see the pps jump from reported earnings than just seeing it jump from PR hype. I have too many other pennies that are PR driven. It would be nice if SPZI wasn't that way long term, especially since the move up from .002 happened on no news.
Just my thoughts.
Ren
PS If anyone here needs a lesson in patience, try buying some of the other stocks I currently own. IMO SPZI has been a fast mover by comparison...
How much does it matter that the move comes near the bottom of the chart? I assume that if looks like it's near the bottom of the chart, that would negate some of the risk. But it's not an exact science as you know. So if you base much of your decision on the tape, how long do you look at the tape before you move in and what specifically are you looking for on the tape?
(Class is in session)
Thing about sharp down moves is how do you know it's a bottom and your not catching a falling knife? That's what's kept me from moving in hard on a couple of stocks lately...
I've been told it's Reilly and Riley.
Good play peorge. If I can do that once or twice more, I'll be on house money at least...
I'm typically not on the boards after 5pm so I didn't get a chance to delete it until this morning.
Don't know about the ban. I'll look into it...
Done. I needed a Friday lunch spot anyway...
Good close. An uptick away from losing a 0.
Have a great evening everyone and play nice okay? (This means you Lake...)
You guys move on. You know what they say about guys that focus on their pants don't you?
Wait a minute...I don't know what they say either. Anyway...don't encourage USC...his siggy pic tells me he doesn't need any.
Born and raised. We're used to all our women being sweaty...chubby, skinny, tall, short. It's a humidity thing I think.
As for the update...at least it couldn't get any worse...right? ;)
They will be. First step is admitting you have a problem. We've already moved into the admitting stage here in NE FL and building has dried up significantly.
I know what's going to happen tomorrow...I'll probably go to work.
Keep an eye on the inventory numbers for your buying area. When you see a trend beginning to establish with less inventory, that's your sign. We're just now moving into the "sharp down move" in pricing. You can play the bounce when the selling stops.
That's my 2 cents which maybe might save you two cents. Okay, maybe 3 cents if you're lucky. Biggest thing is if you do buy now, be patient, don't buy on emotion, and offer no more than 85% of asking price in Central and South Florida.
Panhandle and most of NE FL is a different story, as is every other ZIP code in the nation.
Good news...we haven't been halted, haven't broke .005 support, the Gators are undefeated still.
Bad news...O/S up 400M+ since early August and no explanation, strong potential to lose the Murphy Pit, rumors of cash flow problems and failing business units, lagging divy checks, no obvious signs of open market buying from the new partners, and a partridge in a pear tree...
Wait on the house unless you come across something .70-.80 on the $1.
MY PICKS...
MICHIGAN STATE -12
KENTUCKY +7
GA TECH -3.5
I SHOULD SHY AWAY FROM THE MICH. STATE GAME, AS THE IRISH ARE BOUND TO WIN ONE HERE SOON, BUT I CAN'T PASS UP THE CHANCE TO PILE ON AN AWEFUL SOUTH BEND TEAM...
KENTUCKY/ARKANSAS SHOULD BE A FUN GAME TO WATCH. HOPE THE WILDCATS CAN GET UP EMOTIONALLY AFTER BEATING LOUISVILLE. IF ITS A CLOSE GAME, KENTUCKY WILL PULL IT OUT AGAIN AS ARK IS SO ONE DIMINSIONAL.
GO GATORS!
REN
That one seemed even more obvious than most...or, I'm learning.
Amazing. O/S slowly creeping. I don't want to think about what might occur when we hit 2.5B...
I hope you bailed out of ICBM on the move yesterday, even if it was for breakeven. Not watching it but noticed it's back to .0009. Dilution will begin again IMO, then the take down to .0005/6 and then a PR...you know the routine.
Welcome. I think papa Hayden owns it or has partial ownership of it. I just can't remember if papa's name is Don or if that's John's brother's name.
The Haydens are essentially the "AZ group" though they originate from SW Florida which is where a few of our "insider posters" hail from.
Nope but look for any connection between Hayden and Anguilla banks.
Humor is not off topic though I have been a bit edgy yesterday and today. Sorry about that. I just can't keep up with work flow and the board sometimes...
Humor is fine. Fake PR's are not. Don't sweat it but do play nice.
BFBud, wow, that's not going to happen here. Fake PRs like that are a great way to get banned. Please don't make me have to go through the effort to have that happen. If you would like to be banned, at least do me a favor and don't post here.
Ren